https://www.taxtmi.com/highlights?id=79656 Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption limit for long-term capital gains on financial assets increased from Rs. 1 lakh to Rs. 1.25 lakh per annum. Listed financial assets held for over a year classified as long-term, unlisted financial assets and non-financial assets require two-year holding period. Unlisted bonds, debentures, debt mutual funds, and market-linked debentures taxed at applicable rates regardless of holding duration. en-us Tue, 23 Jul 2024 14:41:55 +0530 Tue, 23 Jul 2024 14:41:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79656 Capital gains taxation streamlined with short-term gains on certain financial assets attracting 20% tax and long-term gains on all assets attracting 12.5% tax. Exemption limit for long-term capital gains on financial assets increased from Rs. 1 lakh to Rs. 1.25 lakh per annum. Listed financial assets held for over a year classified as long-term, unlisted financial assets and non-financial assets require two-year holding period. Unlisted bonds, debentures, debt mutual funds, and market-linked debentures taxed at applicable rates regardless of holding duration. Highlights Budget Tue, 23 Jul 2024 14:41:55 +0530 https://www.taxtmi.com/highlights?id=79656